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ASPEN GROUP Capital/Financing Update 2019

Nov 26, 2019

64404_rns_2019-11-26_40d18ef1-11ed-42e1-a622-f32f677dd2fd.pdf

Capital/Financing Update

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Aspen Group Limited ABN 50 004 160 927 Aspen Property Trust ARSN 104 807 767

21 Oxford Street Bondi Junction NSW 2022 Telephone: 02 9151 7500

Email: [email protected]

ASX ANNOUNCEMENT 27 November 2019

Settlement of Perth Residential Portfolio

Aspen Group (which comprises Aspen Group Limited and the Aspen Property Trust) (ASX: APZ) is pleased to announce that it has today settled the acquisition of the Perth Residential Portfolio comprising 84 dwellings. The purchase price was $20 million before acquisition costs.

Further information regarding the acquisition was released to the ASX on 22 October 2019.

END

For further information, please contact: David Dixon John Carter Joint Chief Executive Officer Joint Chief Executive Officer Phone: (+61) 2 9151 7584 Phone: (+61) 2 9151 7586 Email: [email protected] Email: [email protected]